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- IMPORTANT INCOME TAX CASE LAWS 03.12.2025
- SLP dismissed on delay; reopening invalid as additional depreciation claim examined during original scrutiny
- Penalty under Section 271D invalid if not initiated within the Block Assessment Order
- Penalty deleted as inadvertent non-disallowance of statutory liabilities in return constitutes bona fide mistake
- No penalty for foreign asset disclosure technicality if cured in Section 153A return before notice
- TDS credit allowed based on salary slips despite Form 26AS mismatch; Employer’s default cannot penalize Employee
- TDS credit allowable in year of property transfer via Form 71 rectification despite subsequent year deduction
- Section 147 reassessment valid when Section 153C inapplicable due to lack of incriminating material
- Section 148 notice issued by Jurisdictional AO violates Section 151A faceless scheme and is void
- NRI’s foreign income used for Indian property investment cannot be taxed under Section 69
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